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just need total cost of units transferred out for materials and conversion Jarvene Corporation uses the FIFO method in its process costing system. The following
just need total cost of units transferred out for materials and conversion
Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company's processing departments: Units in beginning inventory Units started into production Units in ending inventory Units transferred to the next department 360 4,280 270 4,370 tes Percentage completion of beginning inventory Percentage completion of ending inventory Materials Conversion 709 30 20 404 The cost of beginning inventory according to the company's costing system was $7,850 of which $4,881 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $178,036. The costs per equivalent unit for the month were: Cost per equivalent unit Materials Conversion $18.00 $23.00 Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month. (Round your intermediate calculations to 2 decimal places.) Materials Conversion Total Total cost of units transferred out Step by Step Solution
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